The Evening News of August 24th: Trapped for exceeding expectations?

time:2023-01-30 06:12:36source:chakarski.com author:Trend
The Evening News of August 24th: Trapped for exceeding expectations?

The stock indexes of the two cities fell across the board, and fell sharply unilaterally during the session. The Shanghai Composite Index fell by nearly 2%, the Shenzhen Component Index fell by nearly 3%, and the Ningde Times fell by nearly 6%. The turnover exceeded 16 billion yuan, dragging down the ChiNext index. 4%; the total market turnover was 1,126.6 billion yuan, exceeding one trillion yuan for 7 consecutive trading days; the actual net sales of northbound funds was 6.615 billion yuan, and more than 4,400 stocks fell. On the sector, track stocks have experienced deep corrections, and new energy vehicles, lithium batteries, semiconductors, robots, and consumer electronics have seen significant corrections. Benefiting from the better-than-expected financial report of Ping An, the insurance sector bucked the trend, while the banking sector performed relatively well. From today's opening performance, A shares opened higher, and the ChiNext Index stood at 2800 points. Especially in the Ningde era, as a popular indicator of the market, benefiting from the higher-than-expected mid-year report, the market opened with heavy volume and opened higher, effectively driving the entry of new funds in the market. The problem is that Ningde, which opened higher, was followed by a continuous decline in heavy volume, with a turnover of 16 billion throughout the day. Objectively speaking, a company like Ningde is being watched by the whole market. Once a company in the C position is in trouble, investors will pay close attention to it. Therefore, his exceeding expectations may have been predicted long ago. In other words, who gave the so-called market expectations? On the contrary, China Ping An, which has achieved performance on the same day, is basically a yellow flower of tomorrow, and no one pays attention at all. I am afraid that it really exceeds expectations. However, it would be unfair to blame the market adjustment on the Ningde era. Objectively speaking, today's market adjustment lacks a particularly strong explanation. In this context, there are even some jokes that some unlisted leading companies are making internal speeches and affecting market confidence. This is clearly self-deception. However, it is because of the lack of a particularly direct reason that adjustments for no reason have occurred, which is something to worry about. In particular, the continuous decline after the opening of heavy volume means that many investors will lose money when they buy, and today's adjustment is also concentrated on the track sector, which also hurts popularity. This makes today's point a clear position cost resistance. Perhaps, we can understand from the position structure. As has been emphasized many times in previous articles in the Evening News, the current A-share market is seriously polarized, and funds are concentrated in the new energy sector. And this all depends on the prosperity and the smoothness of the industrial logic. But it can be seen that today's adjustment, even in the new energy sector, photovoltaics are obviously stronger than new energy vehicles, which also reflects the objective fundamental changes. Semiconductors are facing the pressure of falling prices, and new energy vehicles are facing the deterioration of the competitive landscape ("New Energy Vehicles Enter the "Warring States Era"). This also makes investors' confidence in the degree of prosperity will be discounted. This became a catalyst for rebalancing of funds. At this point, photovoltaics are much better, especially the demand support brought about by the continuous fermenting of overseas energy shortages. But with Tongwei also starting the industry sinking, how long can photovoltaic support?
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